
The Equinor-operated, 30-MW Hywind Scotland came online in 2017, marking the world’s first commercial floating wind farm. (Source: Equinor ASA)
The U.S. Department of Energy launched another Energy Earthshot Initiative, this time taking aim at floating offshore wind—initially along the West Coast.
Targeting deep water, the initiative seeks to lower the cost of floating offshore wind energy by at least 70% to $45 per megawatt hour by 2035 to jumpstart development, the Biden administration announced Sept. 15. The goal is to deploy 15 gigawatts (GW), enough to power about 5 million homes, within about 13 years.
The move is part of the administration’s clean energy ambitions that include deploying 30 GW of offshore wind by 2030. It’s an effort to combat climate change and slow global warming.
“The announced lease auction offshore California by year-end positions the West Coast for global leadership in deployment of floating wind.”—Erik Milito, National Ocean Industries Association
Unlike conventional fixed-bottom wind turbines that are attached to the seabed in shallower water, floating turbines are attached to floating structures to harness power in deeper waters such as offshore the West Coast.
“About two-thirds of U.S. offshore wind energy potential exists over waters too deep for today’s fixed-bottom wind turbine foundations secured directly to the sea floor, and instead require floating platforms,” the Energy Department said.
The latest initiative could unlock opportunities offshore states such as Oregon and California, where the Bureau of Ocean Energy Management (BOEM) also announced Sept. 15 a floating wind lease auction will be held by year-end 2022.

California and other states along the West Coast could create the next offshore wind hub, according to the National Ocean Industries Association (NOIA).
“The development and deployment of floating wind technology will be fundamental in tapping wind resources in the vast deepwater areas off our Pacific Coast,” NOIA President Erik Milito said in a statement. “The announced lease auction offshore California by year-end positions the West Coast for global leadership in deployment of floating wind.”
Today, floating wind is a nascent technology with most commercial developments in early phases. Only 0.1 GW of floating offshore wind has been deployed globally to date, while more than 50 GW of fixed-bottom offshore wind has been deployed, according to the U.S.
The world’s first commercial floating wind farm—the Equinor-operated, 30-MW Hywind Scotland—came online in 2017. Equinor and partner Masdar invested NOK 2 billion (US$200 million) on the 5-turbine wind farm.

With its latest move, the U.S. is also committing nearly $50 million for R&D, including from the Bipartisan Infrastructure Law.
Most of the funds to be awarded are part of the DOE Advanced Research Projects Agency’s Aerodynamic Turbines, Lighter and Afloat, with Nautical Technologies and Integrated Servo-control (ATLANTIS) program. Funds will also go toward West Coast ports and transmission analyses, a floating offshore wind array design project and a competition focused on floating platform technologies, domestic manufacturing and commercialization among other areas.
The Floating Offshore Wind Shot comes about a week after the DOE unveiled the Enhanced Geothermal Shot. It aims to lower the cost of enhanced geothermal systems by 90% to $45 per megawatt hour by 2035.
Recommended Reading
Summit Acquires Moonrise Midstream Assets to Alleviate D-J Constraints
2025-03-10 - A Summit Midstream Corp. (SMC) subsidiary will acquire Moonrise Midstream from Fundare Resources Co. in a cash-and-stock deal valued at $90 million.
Voyager Midstream Closes on Panola Pipeline Interest Deal
2025-03-19 - Pearl Energy Investments portfolio company Voyager Midstream Holdings has closed on its deal with Phillips 66 for its non-op interest in the Panola Pipeline.
Howard Energy Partners Closes on Deal to Buy Midship Interests
2025-02-13 - The Midship Pipeline takes natural gas from the SCOOP/STACK plays to the Gulf Coast to feed demand in the Southeast.
NOG Spends $67MM on Midland Bolt-On, Ground Game M&A
2025-02-13 - Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.
Mentor Buys Diamondback-Operated Royalty Acres in Permian
2025-03-28 - Mentor Capital Inc. has purchased a 25.127 net royalty acre stake in West Texas’ Permian Basin.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.